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Future Venture Capital Co (TSE:8462) Cyclically Adjusted PB Ratio : 2.09 (As of May. 15, 2024)


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What is Future Venture Capital Co Cyclically Adjusted PB Ratio?

As of today (2024-05-15), Future Venture Capital Co's current share price is 円584.00. Future Venture Capital Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was 円279.83. Future Venture Capital Co's Cyclically Adjusted PB Ratio for today is 2.09.

The historical rank and industry rank for Future Venture Capital Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSE:8462' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.78   Med: 3.95   Max: 7.3
Current: 2.03

During the past years, Future Venture Capital Co's highest Cyclically Adjusted PB Ratio was 7.30. The lowest was 1.78. And the median was 3.95.

TSE:8462's Cyclically Adjusted PB Ratio is ranked worse than
86.56% of 930 companies
in the Asset Management industry
Industry Median: 0.79 vs TSE:8462: 2.03

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Future Venture Capital Co's adjusted book value per share data for the three months ended in Dec. 2023 was 円537.769. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is 円279.83 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Future Venture Capital Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Future Venture Capital Co's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Future Venture Capital Co Cyclically Adjusted PB Ratio Chart

Future Venture Capital Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.46 3.38 4.06 2.99 4.16

Future Venture Capital Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.46 4.16 2.77 2.37 1.82

Competitive Comparison of Future Venture Capital Co's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Future Venture Capital Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Future Venture Capital Co's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Future Venture Capital Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Future Venture Capital Co's Cyclically Adjusted PB Ratio falls into.



Future Venture Capital Co Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Future Venture Capital Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=584.00/279.83
=2.09

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Future Venture Capital Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Future Venture Capital Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=537.769/106.8000*106.8000
=537.769

Current CPI (Dec. 2023) = 106.8000.

Future Venture Capital Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 34.596 95.700 38.609
201406 40.769 98.000 44.430
201409 32.509 98.500 35.248
201412 30.264 97.900 33.015
201503 17.755 97.900 19.369
201506 31.931 98.400 34.657
201509 37.779 98.500 40.962
201512 118.813 98.100 129.350
201603 110.510 97.900 120.556
201606 93.336 98.100 101.614
201609 81.933 98.000 89.290
201612 374.054 98.400 405.985
201703 358.071 98.100 389.827
201706 369.380 98.500 400.505
201709 364.212 98.800 393.703
201712 341.407 99.400 366.824
201803 323.432 99.200 348.211
201806 321.859 99.200 346.518
201809 316.018 99.900 337.845
201812 310.176 99.700 332.265
201903 296.922 99.700 318.067
201906 293.888 99.800 314.501
201909 292.653 100.100 312.241
201912 294.338 100.500 312.789
202003 293.214 100.300 312.216
202006 259.624 99.900 277.556
202009 275.464 99.900 294.490
202012 282.092 99.300 303.398
202103 295.686 99.900 316.109
202106 298.720 99.500 320.636
202109 305.685 100.100 326.145
202112 311.976 100.100 332.858
202203 308.381 101.100 325.767
202206 336.242 101.800 352.757
202209 342.646 103.100 354.943
202212 350.285 104.100 359.370
202303 413.424 104.400 422.928
202306 541.720 105.200 549.959
202309 536.856 106.200 539.889
202312 537.769 106.800 537.769

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Future Venture Capital Co  (TSE:8462) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Future Venture Capital Co Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Future Venture Capital Co's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Future Venture Capital Co (TSE:8462) Business Description

Traded in Other Exchanges
N/A
Address
Karasuma-Chuo Building, 659 Tearaimizu-cho, Nishikikoji-agaru Karasuma-dori, Nakagyo-ku, Kyoto, JPN, 604-8152
Future Venture Capital Co Ltd is a venture capital business. The firm invests in a broad range of industrial sectors. It offers regional creation fund, CVC fund, and venture fund.

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